short history of where the U.S. macroeconomy has been, Write an essay
In the paper you are required to develop a short history of where the U.S. macroeconomy has been (last 5 years or so), currently is, and is expected to go covering all the major measures (real gdp, employment, inflation, interest rates, etc.). You are also expected to examine how the financial sector (banks and interest rates) and monetary policy combine to provide a means for macroeconomic management. Develop a paper that describes recent historical and current macroeconomic conditions in the U.S. domestic economy. In your report you should discuss the major National Income and Product Account (NIPA) components (eg. GDP, C, I, G, Net Exports, etc.) and address how they have been changing over the last five years or so. Discuss economic growth, employment and inflation conditions, and the business cycle. Also develop a financial market (interest rate) perspective where you examine money, financial markets, and federal reserve policy. Use sources from the FED, especially the most recent minutes from a Federal Open Market Committee FOMC) meeting.
